Slide 1: Critical Minerals for Future Generations
CRITICAL MINERALS FOR FUTURE GENERATIONS March 2025
Slide 2: Forward-Looking Information
TSX:GENM FORWARD-LOOKING INFORMATION OTCQB: GENMF This presentation contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as “forward-looking statements”). Forward-looking statements reflect current expe
Slide 3: Project Highlights
TSX:GENM PROJECT HIGHLIGHTS OTCQB: GENMF • Tier One Jurisdiction in Northern Ontario, Canada • Highly leveraged to copper and palladium prices • Shovel-ready project with final construction permits expected in second quarter 2025 • Recently completed updated feasibility study with improved capex and
Slide 4: Location
TSX:GENM LOCATION OTCQB: GENMF 4
Slide 5: Canada's Next Critical Minerals Mine
TSX:GENM CANADA’S NEXT CRITICAL MINERALS MINE OTCQB: GENMF • Located on Trans-Canada Highway • Served by CPR main rail line • Property next to Marathon Airport • Main Marathon deposit is 10 km from Town of Marathon (~3,000 pop.) • New 230kV power line from Wawa to Thunder Bay crosses property • Low
Slide 6: Metals for the Energy Transition
TSX:GENM METALS FOR THE ENERGY TRANSITION! OTCQB: GENMF PALLADIUM COPPER PLATINUM 4 million oz# 1.1 billion lbs# 1.3 million oz# 168,000 oz/yr* 42 million lbs/yr* 38,000 oz/yr* Palladium is used to scrub nitrous An electric car needs about Hydrogen Fuel Cells need oxide from gasoline exhaust. 180 lb
Slide 7: Why Copper
WHY COPPER TSX:GENM OTCQB: GENMF • Copper is fundamental to the energy transition because it is essential for electricity generation, distribution, and storage. • Copper is essential for the transition to Battery Electric Vehicles. • Supply and demand determine the rate of electrification which is t
Slide 8: Copper Opportunity
COPPER OPPORTUNITY TSX:GENM OTCQB: GENMF 8
Slide 9: Generation Mining Peer Positioning
TSX:GENM GENERATION MINING PEER POSITIONING OTCQB: GENMF Comparable Property Production Positioning Source: Capital IQ, Company Filings, Street Research, Copper equivalents calculated using broker consensus metal prices 9 (1) ATEX Resources annual production figures based off street research (2) Osi
Slide 10: Generation Mining Peer Positioning: Development Stage Assets
TSX:GENM GENERATION MINING PEER POSITIONING OTCQB: GENMF Development Stage Assets | Average Annual Production 600 Cu Production CuEq Production 2P Reserves MI&I Resources 45,000 40,000 500 35,000 Reserves & Resources (Mlbs CuEq) Comparable Average Production (Mlbs Cu/CuEq) 400 182 30,000 Property Pr
Slide 11: Base Metal Developer Comparables
BASE METAL DEVELOPER COMPARABLES TSX:GENM OTCQB: GENMF Flagship Market Enterprise 2P MI+I Company Location Stage EV/2P EV/MI+I P/NAV Property Capitilization Value Reserves Resource (US$M) (US$M) (Mlbs CuEq) (Mlbs CuEq) (US$/lb CuEq) (US$/lb CuEq) (x) Foran Mining McIlvenna Bay Saskatchewan FS $1,232
Slide 12: The Growing Copper Supply Gap
THE GROWING COPPER SUPPLY GAP TSX:GENM OTCQB: GENMF 12
Slide 13: Why Palladium
TSX:GENM WHY PALLADIUM OTCQB: GENMF • Primary demand of Pd is for catalytic converters of Internal Combustion Engines (ICE) which include hybrid and plug-in hybrid. • Worldwide adoption of Hybrid Electric Vehicles is accelerating. • Hybrid Electric Vehicles use more palladium than traditional intern
Slide 14: Global Autos – Light Duty Vehicle Mix
TSX:GENM GLOBAL AUTOS – LIGHT DUTY VEHICLE MIX OTCQB: GENMF 160,000,000 140,000,000 120,000,000 100,000,000 80,000,000 60,000,000 40,000,000 20,000,000 - Gasoline Diesel Hybrid / PHEV FCEV BEV LMC Auto Actuals to 2022, LMC Auto Forecast from 2023 to 2028, Precious Metals Commodity Management Extrapo
Slide 15: All-Electric Vehicles vs Hybrids
ALL-ELECTRIC VEHICLES VS HYBRIDS TSX:GENM OTCQB: GENMF 15
Slide 16: Pd Pricing vs. Production Costs
TSX:GENM PD PRICING VS. PRODUCTION COSTS OTCQB: GENMF $1000/oz AISC @ MARATHON: US$781 16
Slide 17: Feasibility Study 2025 Revenue Split
FEASIBILITY STUDY 2025 REVENUE SPLIT TSX:GENM OTCQB: GENMF March 2025 long-term Item Units 2025 FS(b) March 25, 2025 Spot(c) consensus(d) Key Assumptions Exchange rate (C$/US$) C$/US$ 1.35 1.44 1.37 Palladium Price US$/oz 1,525 965 1,133 Copper Price US$/lb 4.00 4.43 4.52 Platinum Price US$/oz 950 1
Slide 18: Feasibility Study 2025 Financial Metrics
FEASIBILITY STUDY 2025 FINANCIAL METRICS TSX:GENM OTCQB: GENMF March 2025 long-term Item Units 2025 FS(b) March 25, 2025 Spot(c) consensus(d) Cumulative After-Tax Cash Flow Up to end of Y3 $M 212 14 89 Up to end of Y5 $M 583 287 403 Economic Results (a)(e) Pre-Tax Cash Flow (undiscounted) $M 3,009 2
Slide 19: Sensitivities
SENSITIVITIES TSX:GENM OTCQB: GENMF After-Tax NPV6% Palladium Price Sensitivity (US$/oz) Palladium Price Sensitivity (US$/oz) After-Tax IRR Results 800 1,000 1,250 1,500 1,525 1,750 2,000 2,200 Results 800 1,000 1,250 1,500 1,525 1,750 2,000 2,200 2.50 (291) (9) 308 612 643 916 1,214 1,466 2.50 - 5.
Slide 20: Mine Plan
MINE PLAN TSX:GENM OTCQB: GENMF Units 2025 TR LOM Throughput Peak Process Plant Throughput tpd 27,700 Mt/year 10.1 Peak Mining Rate tpd 164,000 Mt/year 60 Mine Production (LOM) Total Mined Mt 489.7 Total Waste Mined Mt 361.4 Total Ore Mined Mt 128.3 Strip Ratio waste:ore 2.8 Payable Metal (LOM) Pall
Slide 21: Capex and Opex
CAPEX AND OPEX TSX:GENM OTCQB: GENMF 2025 FS Description Units Operating Cost Capital Area ($M) Mining(a) $/t processed 12.93 Mobile Equipment for Construction(a) 74 Processing $/t processed 8.57 Processing Plant 280 General & Administration $/t processed 2.62 Infrastructure 88 TSF, Water Management
Slide 22: Marathon Mine Financing (C$)
TSX:GENM MARATHON MINE FINANCING (C$) OTCQB: GENMF • Initial Capital $992 Million.(a) • Wheaton Precious Metals Stream: early deposit of $40 million (received) and $200M construction payments for 100% gold and 22% platinum production. • Mandate letter for banking syndicate of Export Development Cana
Slide 23: Permitting – Advancing in Three Phases
TSX:GENM PERMITTING – ADVANCING IN THREE PHASES OTCQB: GENMF Regulatory Supporting Technical Key Permit Regulatory Agency Approval Timing Documents (expected) Phase 1 - Necessary to start early works Closure Plan Ministry of Mines Complete Received Ministry of Environment, Conservation and Parks End
Slide 24: Lassonde Curve - The Discovery Lifecycle
TSX:GENM LASSONDE CURVE - THE DISCOVERY LIFECYCLE OTCQB: GENMF Funding risk Technical risk Exploration risk HIGH Discovery This is most likely the time when VALUE people outside of the mining There is a tipping point in exploration when industry hear of a new discovery drilling amounts to a real min
Slide 25: Corporate Structure
TSX:GENM CORPORATE STRUCTURE OTCQB: GENMF Capital Structure Key Shareholders Shares Outstanding* 237.0M Sibanye-Stillwater 13.9% Warrants* 10.5M Wheaton Precious Metals 7.6% Options/RSUs/DSUs* 12.4M Eric Sprott 6.9% Fully Diluted Shares Outstanding* 259.9M Officers & Directors 7.1% Basic Market Capi
Slide 26: Management
MANAGEMENT TSX:GENM OTCQB: GENMF JAMIE LEVY President, CEO & Director ADAM SEGAL B. Comm, LLB General Counsel 25 years in financing and management of Canadian mining Spent 13 years with Sherritt International in senior legal and companies. Was CEO of Pine Point Mining - acquired by Osisko Metals. co
Slide 27: Directors
DIRECTORS TSX:GENM OTCQB: GENMF KERRY KNOLL Chairman JAMIE LEVY President & CEO Co-founded several successful mining companies over 35 years 25 years in financing and management of Canadian mining including Wheaton River, Thompson Creek and Glencairn Gold. companies. Was CEO of Pine Point Mining - a
Slide 28: Investor Relations
INVESTOR RELATIONS Jamie Levy President & CEO Jlevy@genmining.com Phone: 416 640-2934 100 King St West, Suite 7010 Toronto, Ontario, Canada M5X 1B1
Slide 29: Appendix A: Mineral Resources and Reserves
Appendix A Mineral Resources and Reserves
Slide 30: Mineral Resources and Reserves
MINERAL RESOURCES AND RESERVES TSX:GENM OTCQB: GENMF Mineral Reserves (Marathon Deposit) Tonnes Pd Cu Pt Au Ag Classification Mt g/t koz % M lb g/t koz g/t koz g/t koz Proven 115.5 0.66 2,434 0.22 549 0.20 754 0.07 264 1.7 6,242 Probable 12.7 0.47 193 0.20 56 0.15 61 0.06 26 1.6 635 Total P&P 128.3
Slide 31: Mineral Resources by Deposit
MINERAL RESOURCES BY DEPOSIT TSX:GENM OTCQB: GENMF Mineral Tonnes Pd Cu Pt Au Ag Resource Classification Mt g/t koz % M lbs g/t koz g/t koz g/t koz Marathon Deposit Measured 164.0 0.56 2,973 0.20 712 0.18 970 0.07 358 1.7 9,089 Indicated 38.1 0.39 476 0.18 153 0.13 159 0.06 71 1.6 1,896 Meas. + Ind.
Slide 32: Mineral Resources and Reserves Notes
MINERAL RESOURCES AND RESERVES NOTES TSX:GENM OTCQB: GENMF Mineral Reserves Notes: a. The Mineral Reserves Estimate were prepared by Marc Schulte, P.Eng., who is also an independent Qualified Person, reported using the 2014 CIM Definition Standards, and have an effective date of November 1, 2024. b.
Slide 33: Appendix B: Footprint, Processing and Metallurgy
Appendix B Footprint, Processing and Metallurgy
Slide 34: Technical Report Footprint
TECHNICAL REPORT FOOTPRINT TSX:GENM OTCQB: GENMF 34
Slide 35: Processing and Metallurgy
PROCESSING AND METALLURGY TSX:GENM OTCQB: GENMF • Conventional processing plant flow sheet consisting of: • Primary gyratory crusher • Overland conveyor and crushed ore stockpile • SAG-Ball Mills and Pebble crusher • Regrind mill • Rougher + cleaner flotation circuit • Concentrate and tailings dewat
Slide 36: Processing Flow Diagram
PROCESSING FLOW DIAGRAM TSX:GENM OTCQB: GENMF Deferred to sustaining capital Deferred to sustaining capital 36
Slide 37: Met Recoveries and Concentrate Grade
MET RECOVERIES AND CONCENTRATE GRADE TSX:GENM OTCQB: GENMF Bulk Sample used in Met Parameter GeoMet Formula 1 Maximum Value Elements in the Concentrate2 Phase II Pd g/t 85.9 %Rec Cu to Final Conc = 97.55 x (% Cu head grade) 0.0239 94% Rec Cu Cu % 20.7 Pt g/t 22 %Rec Pd to Final Conc = 89.14 x (g/t
Slide 38: Appendix C: Non-IFRS Measures
Appendix C NON-IFRS Measures
Slide 39: Notice to Readers
NOTICE TO READERS TSX:GENM OTCQB: GENMF The Company has included certain financial measures in this presentation, including initial capital cost, preproduction revenues, operating costs, AISC, and Pre-Tax and After-Tax Cash Flows, which are not measures recognized under IFRS and do not have a standa
Slide 40: Appendix D: Exploration
Appendix D Exploration
Slide 41: Exploration Overview
EXPLORATION OVERVIEW TSX:GENM OTCQB: GENMF Planning for the future: defining mineral resources while testing high grade copper and PGE targets 1. Define mineralization neighbouring the Marathon Deposit 2. Define satellite deposits within the Complex 3. Test high grade Cu and PGE targets 41
Slide 42: Coldwell PGM-Cu Project
COLDWELL PGM-CU PROJECT TSX:GENM OTCQB: GENMF • Flagship Marathon PGM-Cu Deposit • 188.6 Mt M+I open pit resource; 3,489 koz Pd, 1,131 koz Pt, 418 koz Au and 836 Mlb Cu • Wide range of advanced to early exploration projects • Geordie - Indicated resource of 17.27 Mt @ 0.35% Cu and 0.51g/t Pd • Sally
Slide 43: Marathon Exploration
MARATHON EXPLORATION TSX:GENM OTCQB: GENMF Marathon Series Horizon strikes approx. 30 km along the rim of the Coldwell Complex More than 25 km remain underexplored TIER Significant drilling, high 1 Marathon proportion measured resource and/or mineral (Main Zone & W-Horizon) reserves Significant dril
Slide 44: Exploration History
EXPLORATION HISTORY TSX:GENM OTCQB: GENMF The Marathon Horizon accounts for < 20% of the property but has received the majority of exploration efforts over the last 50 years Meters Drilled Marathon Sally Geordie Boyer Four Dams Dunlop Property Pre 2010 158,113 5,586 6,644 7,455 4,772 182,570 2010 -
Slide 45: Geordie Deposit
GEORDIE DEPOSIT TSX:GENM OTCQB: GENMF Low-cost exploration to rapidly increase mineral resource at the Metal Value Geordie satellite deposit 15 km west of Marathon Deposit Pd + Pt • 17.3 Mt Indicated open pit resource • 133 Mlb Cu, 312 Koz Pd, 20 Koz Pt, and 25 Koz Au Cu 12.9 Mt inferred resource •
Slide 46: Geordie Cross Section
GEORDIE CROSS SECTION TSX:GENM OTCQB: GENMF • Mineralization occurs at base of Heterogeneous series Gabbro 46 46
Slide 47: Biiwobik Prospect
BIIWOBIK PROSPECT TSX:GENM OTCQB: GENMF Metal Value Pd + Pt Cu Au Northern extension of the Marathon Deposit • Drilling between 2021-2024 has successfully targeted significant Cu and PGE mineralization • Potential to expand the Marathon Deposit or develop a fourth pit, increasing life of mine beyond
Slide 48: Sally Deposit
SALLY DEPOSIT TSX:GENM OTCQB: GENMF Metal Value Exploration Highlights: • 24.8 Mt Indicated open pit resource Cu Pd + Pt • 278 Koz Pd, 160 Koz Pt, 56 Koz Au and 93 Mlb Cu • Deep intercept encountered in 2024 suggests potential for larger system at Au depth • SL-24-079: 48 m with 0.74 g/t Pd, 0.18% C